Welcome to our dedicated page for Epam Sys news (Ticker: EPAM), a resource for investors and traders seeking the latest updates and insights on Epam Sys stock.
EPAM Systems, Inc. reports news on its global digital and AI transformation services business, including custom software, product and platform engineering, integrated consulting, and enterprise technology delivery. Company updates commonly cover quarterly results, revenue outlook, operating margins, earnings measures, and capital returns through share repurchases.
EPAM news also includes AI-native service initiatives, enterprise partnerships, ServiceNow development capabilities, Microsoft-aligned security services, and recognition in European IT sourcing studies. These developments reflect the company’s focus on engineering-led transformation work for large enterprises and other technology-driven clients.
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EPAM Continuum, the consulting practice of EPAM Systems (NYSE: EPAM), has released its 2021 NXT Trends report, identifying six significant global trends influencing businesses. These trends include the evolution of digital communities, the importance of interoperability, and the challenges of loneliness in public health. The report emphasizes the interconnectedness of modern challenges and their implications for strategic leadership in 2021, urging organizations to adapt amidst ongoing market disruptions. For further insights, access the full report on EPAM's website.
EPAM Systems, Inc. (NYSE: EPAM) and VitalAire have won the 2020 Acquia Engage Award for their innovative online patient portal designed to help diabetes patients manage treatments remotely. This project addresses a critical need for digital patient engagement during the pandemic, improving efficiencies and customer satisfaction for VitalAire. The Acquia Platform facilitated timely development, allowing EPAM to focus on creating a tailored solution. The award highlights EPAM's commitment to delivering engaging digital experiences.
On November 23, 2020, EPAM Systems, Inc. (NYSE: EPAM) was recognized as a leader in The Forrester New Wave™: Computer Vision Consultancies, Q4 2020. EPAM was noted for its innovative computer vision (CV) solutions and a proven track record in implementing projects that drive business outcomes. The report highlighted EPAM's expertise across various domains, with customers praising the company's ability to execute complex projects effectively. Forrester identified EPAM as a top choice for cutting-edge CV solutions, emphasizing its diverse team of specialists.
EPAM Systems, a leader in digital platform engineering, has been named the top IT services company on Fortune's 2020 100 Fastest-Growing Companies list, climbing to #21. This marks the second consecutive year EPAM achieved this honor. The company has nearly doubled its revenue over the past three years and operates in over 35 countries with more than 38,000 employees. EPAM's 10-year revenue CAGR stands at 31%. The pandemic accelerated digital transformation, positioning EPAM as a trusted partner for businesses navigating technology changes.
EPAM Systems, Inc. reported a strong third quarter for 2020, achieving revenues of $652.2 million, a 10.9% increase year-over-year. GAAP income from operations rose to $96.4 million, marking a 19.6% increase compared to Q3 2019. Diluted GAAP EPS increased by 31.9% to $1.53. Cash flow from operations for the first nine months reached $385 million, compared to $162.9 million last year. Looking ahead, the company projects Q4 revenues between $695 million and $705 million, reflecting an expected growth rate of 10.6%.
EPAM has partnered with UNICEF to launch the 'HealthBuddy COVID-19' chatbot app, which is now available for download on Apple and Google Play platforms. The app aims to provide reliable COVID-19 information and support emergency risk communications in Europe. The launch date is October 29, 2020, and the app offers content in English and Russian. EPAM, recognized for its software engineering expertise, continues to innovate in digital solutions, reinforcing its leadership position in the tech industry.
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EPAM Systems (NYSE: EPAM) has achieved the Modernization of Web Applications in Microsoft Azure advanced specialization, recognizing its expertise in migrating and managing web applications on Azure. This highlights EPAM's commitment to providing innovative, cloud-based solutions for clients. The specialization indicates stringent requirements around customer success and staff training. EPAM aims to enhance data-driven customer experiences and accelerate time to revenue for its clients, leveraging its extensive digital engineering capabilities.
EPAM has been named a leader in Quality Engineering Services by NelsonHall, showcasing its capability to meet evolving client needs and provide immediate benefits. The recognition emphasizes EPAM's expertise in Artificial Intelligence (AI) and Continuous Testing (CT), critical for rapid software and product launches. The NEAT report evaluated 16 vendors and categorized them based on their service delivery capabilities. EPAM’s approach enhances product speed, quality, and ROI, and includes continuous testing services and AI use cases, further solidifying its market position.